Bitcoin enthusiasts are flocking to Puerto Rico, thanks to tax breaks and an island lifestyle
The US territory of Puerto Rico has become the new hot destination for cryptocurrency entrepreneurs as it has crypto-friendly policies, including huge tax breaks to those who spend at least 183 days on the island each year.
US citizens can hold on to their American passports while not having to pay any taxes on capital gains.
“That’s where all my friends are. I don’t have one friend left in New York, and maybe the pandemic accelerated this, but every single one of them has moved to Puerto Rico,” crypto entrepreneur and investor David Johnston told CNBC. He moved his family and his company to the island last year.
Johnston recalled his first impression of the small island territory: “I said, ‘Wow, okay, I get it.’” He explained that “The island has three million people … This is big enough to build a tech center.”
According to Johnston, his whole office building is filling up with start-ups and crypto companies.
The big draw of the island has reportedly been prompted by the so-called Act 60, which offers significant tax savings to qualifying residents.
In the US, investors pay as much as 37% on short-term capital gains and up to 20% on long-term gains, which applies to crypto and other assets held for over a year. One of the tax breaks under Act 60 drops that tax obligation down to zero if certain qualifications are met.
There is also a major tax incentive for business owners to set down roots in Puerto Rico. Mainland companies are subject to a 21% federal corporate tax, plus a state tax, which varies.
However, not everyone was happy about the influx of new residents to the island. Locals were annoyed by the fact that they don’t qualify for the capital gains tax exemption, which is designed for non-Puerto Ricans. They also questioned the government’s idea about the tax breaks helping to create jobs, and attract more cash into the local economy. The flood of the crypto rich into Puerto Rico has also helped to drive up real estate prices.
Originally published by RT.
Author
Peter Schiff Goes to Puerto Rico was an Alex Jones interview more than six years ago. USA billionaires will not be in continental US, in underground bunkers, for the coming second civil war. They will be deep sea fishing in their yachts.
https://mobile.twitter.com/bgraulau/status/1485393676620779523
OFF TOPIC: I had a weird dream last night, one that made me wake up and think about it all day.
My husband and I were in a home that appeared “Gothic” in nature (not my or his style, at all). It was present day. I was in the master bedroom watching television. To the right of the television was a painting that had the Four Horsemen of the Apocalypse. My attention was drawn to this painting. The first Three Horsemen were no longer in the painting AND I watched as the Fourth Horsemen was in the painting moving OUT of the painting. This freaked me out, watching as the painting came “Alive”. I screamed for my husband to come and see. He came in and when I went to show him the blank canvass, the painting was as if nothing had ever happened – all Four Horsemen were in their proper place on this canvass. He looked at me as if I were touched in the head and walked out. So, I went back to bed and began watching television again. A few seconds later the painting drew my attention AGAIN to the disappearance of the Three Horsemen and the Fourth one exiting out of the painting. I sat straight up, then bolted out of bed and the master bedroom yelling for my husband once again. Before I left the bedroom, I noticed that there was a golden-colored scarf hanging on just one side of the blank canvass. I could still see the entire canvass, and I did not know what the golden-colored scarf meant. So, I talked my husband back into the master bedroom to show him the blank canvass. When we looked up at the painting, this time the golden-colored scarf was now covering the entire canvass! It reminded of an old-fashioned hearse where the windows are covered by velveteen-type curtains. My husband looked at me with concern this time. He knew I did not cover up the painting. I am short, barely over five feet. This painting was hung at least two feet above my head. There is no chair, no stool and the bed is nowhere close to the painting. He believed me, I saw it in his face. The dream ended.
All day, I could not get this dream out of my head. Of course, I looked at Revelation Chapter 6. What I felt in the dream is the first Three Horsemen are already on the loose in the world, at this time. The Fourth Horseman is being let loose now or in the very near, near future. My husband and I, in real time, disagree about the Book of Revelation. I believe that God is unleashing and allowing events to take place now, in today’s world. My husband thinks that I am doom and gloom and thinks that every generation believes that the Book of Revelation unfolded during their generation. So, I think my husband, in the dream, represents people who have their ears and eyes closed to what is unfolding in the world. The golden-colored scarf, I do not know what it represents – especially the color – when it first appears. The next time I see it, when it is completely covering the painting, I had the feeling that the curtain closing means nobody can stop what is coming. The hearse type of feel means that there will be great death following as it says in Revelation 6 (1/4 of the world’s population).
I could absolutely be wrong with my interpretation. I’ve put it out here because it was just so off-putting and odd. If someone else has an interpretation, please comment. Thank you for reading and sorry for putting it here, I just don’t know where else to put it.
God letting you see behind the veil? Gold, regal? The LORD gave you a glimpse at was is being unleashed. What time it is.
Hi MattNZ – I agree with what you said about “What time it is.” and “the LORD giving me a glimpse of what is being unleashed”. Not always the best at interpretation, so I really appreciate you commenting as it does shine more light on what the LORD shows me every so often. Most importantly, I believe someone else that needs to see it will see it and do what they need to do such as turn to the LORD before time runs out. God Bless you in NZ, Matt.
I just started reading again tonight the Book of Revelation & remembered the words ‘golden sash’.
Revelation 1:13 – and among the lampstands was someone like a son of man, dressed in a robe reaching down to his feet and with a “golden sash” around his chest.
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A Golden Sash
A golden sash, to declare the superiority of His service, the royalty of His person, the dignity of His state, the glory of His reward. He no longer cries out of the dust, but He pleads with authority, a King as well as a Priest. Our cause is safe enough in the hands of our enthroned Redeemer.
Our Lord presents all His people with an example. We must never unbind our sashes. This is not the time for lying down to rest; it is the season of service and warfare. We need to bind the sash of truth more and more tightly around us. It is a golden sash, and as such it will be our richest ornament. And we greatly need it, for a heart that is not well braced up with the truth as it is in Jesus and with the faithfulness that is fashioned by the Spirit will be easily entangled with the things of this life and tripped up by the snares of temptation. We possess the Scriptures in vain unless we bind them around us like a sash, surrounding our entire nature, keeping each part of our character in order, and giving compactness to our whole being. If in heaven Jesus does not remove the sash, neither should we upon earth. Stand, therefore, having fastened on the belt of truth.
https://www.truthforlife.org/resources/daily-devotionals/12/6/0/
Hi Sarah- Thank you for commenting, I always learn something from individuals who post additional information. “Put on the whole armour of God…” Ephesians 6:11-18 come to mind when I read this comment. One, I personally must take to heart and become more diligent in my reading and study of His word. I read every day, however, I believe I am being prompted to go deeper in His word and become a more mature (I heard that yesterday, too) Christian. Hard to admit, yet, when something smacks you in the face…
Thanks Sarah- this was helpful on a very personal level. God Bless.
I’ve had several dreams within the last few years of the White, Black & Red horses, never the Pale Horse, not too sure why.
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About your dream, I believe the antichrist (white horse) is soon to arise. We have been seeing the price of food rising, food disappearing off the shelves of grocery stores, a world wide Famine is coming (black horse) and looks like War (red horse) might possibly break out in Russia & the Ukraine.
You mentioned that when the Golden Sash was across the picture frame that it looked like a herse / death (Pale horse). The Pale Horse is definitely out prowling the earth seeking who he may devour. The last figure I had seen a few weeks ago for the number of deaths with these deadly Vaccines, was just around the 3 million mark.
They’re calling this a ‘Dark Winter’ & they’re expecting millions of deaths. I’ve had dreams of family & friends dying.. from vaccines.
There was such a specific emphasis on the Fourth Horseman in my dream, Sarah. A fourth part of the Earth (according to Revelation 6) killed with the sword, hunger, death and the beasts of the Earth. What you mentioned is here.
By the way, I’m sorry about the dreams you are having, it must be upsetting. My mother and stepfather took the three shots, as well. Now, my mother is losing weight as if she has cancer (testing done, no results yet). So hard to accept, to watch people deteriorate in front of you. Sure, I am not alone with this scenario. My heart goes to anyone else who is in this boat. It didn’t have to happen.
God gave me a few Dreams after me Warning ⚠️ my family & friends of what’s to come, even though they have ears, they cannot hear.
My heart has been heavy for those, but there’s nothing more that we can do. 💔
loriq, when some translations write “killed with…death,” that doesn’t really make sense. ESV translates it better with, “kill with… pestilence.”
“And I looked, and behold, a pale horse! And its rider’s name was Death, and Hades followed him. And they were given authority over a fourth of the earth, to kill with sword and with famine and with pestilence and by wild beasts of the earth.” Revelation 6:8.
Hi Marcio – I normally use the KJV translation. Sometimes, I think the waters get muddied with so many translations circulating about. I always think, “Who is right?”, “Who is wrong?”, “Why this translation?”, “Where is it coming from?”, and so on and so on. This is nothing negative towards you, I am glad you commented. I would imagine this is why I hear other Christians and Pastors say, “To search a thing out”. To dig deeper into His word.
More Food to digest and seek out. God Bless you, Marcio and have a Blessed day.
The KJV is a good translation, but not perfect. It heavily relies on the Masoretic Jewish text that was written hundreds of years after Christ. So there are some major deletions because they are too Messianic and point to Jesus. The New Testament quotes of the OT are about 80% from the Greek Septuagint Text, or a common source to the Septuagint. Some of these Messianic quotes don’t appear in the KJV, but do in translations like the ESV. The point is, do in depth word search. After all, the original Scriptures weren’t written in Old English. God bless you too.
“For thus says the Lord God: How much more when I send upon Jerusalem my four disastrous acts of judgment, sword, famine, wild beasts, and pestilence, to cut off from it man and beast!” Ezekiel 14:21 ESV
“And I looked, and behold, a pale horse! And its rider’s name was Death, and Hades followed him. And they were given authority over a fourth of the earth, to kill with sword and with famine and with pestilence and by wild beasts of the earth.” Revelation 6:8 ESV
Golden Girdle
https://www.openbible.info/topics/golden_girdle
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Revelation 1:12-20 – “Dressed for the occasion”
** Golden sash ***: Jesus was wearing an accessory. He was wearing a golden sash. The Merriam-Webster dictionary defines sash as: “a band worn about the waist or over one shoulder and used as a dress accessory or the emblem of an honorary or military order”. We notice here that the sash gives the scene a military tone. In Greek the word for sash is zōnēn, and in Hebrew the word is abnet. In the Old Testament, we see man of rank (1 Samuel 18:4) and priests (Leviticus 8:7) wearing a sash. Exodus 28:2, 4 says that this garment piece shows that “dignity and honor” or ”glory and beauty” is given to the person wearing it. In Isaiah 22:20-23 we read how the Lord will dress Eliakim in a robe and sash, and give him “the key to the house of David”. “What he opens no one can shut, and what he shuts no one can open”. This means the Lord would give Eliakim full authority over Jerusalem and Judah as the king’s representative. The text says Eliakim will be “like a father” to God’s people, and “he will become a seat of honor for the house of his father”. In Isaiah 11, we read a prophecy about Jesus talking about the descendent of Jesse. Verse 5 explains that “righteousness will be the belt about His loins, and faithfulness the belt about his waist”. Both in the vision of Daniel 10 and Revelation 1, Jesus is wearing a golden sash. In the original Hebrew text, Daniel describes it as it being “pure”. It is the utmost belt or sash one could possibly wear. Christ’s golden sash is above all other man-made sashes ever worn by anyone. We can now understand the meaning of the robe and golden sash in Revelation 1:13 as an indication of Christ’s absolute authority over His people.
https://www.hello-bible.com/index.php/item/18-8-dressed-for-the-occasion-revelation-1-12-20-part-1
North Korea has been doing Nuclear Testings this month of January 2022. One of those Nuclear Missiles hit Tonga not long ago.
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“THE HUNGA TONGA VOLCANIC ERUPTION TRIGGERED BY MISSILE STRIKE”
Weather warfare. This will be the next thing they will do to us. Their convid narrative is falling apart so now they will use tsunamis, tornadoes, hurricanes, drought, floods and more.
Evidence of an airborne missile in flight and splashing down for the payload to detonate at the epicenter location of the 5.8 Hunga Tonga Earthquake using satellite images. The USGS seismic data identified the earthquake epicenter depth at sea level common to military missile tests in ocean waters. The Japan Times 6 reported North Korea missile tests on January 15, 2022 (CBSNews Update7), the same day as the 5.8 Hunga-Tonga Ha’apai volcanic eruption event. A complete scan of all available satellite imagery will provide the data required for US Military elements at the Diego Garcia Facility to identify the source of the missile launch. The evidence supports the hypothesis that the Koreans chose the Hunga Tonga-Hunga Ha’apai Volcano crater location as the missile strike location due to recent volcanic activity providing cover for the ongoing missile test operation.
https://www.bitchute.com/video/fmGY4lmFt9vD/
Things that make you go Hmmmmm… This would not surprise me, not one bit. Weather modification and weather wars under way around the world. The one “science experiment” that concerns me more than any other is the Harvard professor who wants to spray a particle in the air to reflect the sun back into space thus cooling the planet and keeping life-giving sunshine off the planet. Low or no photosynthesis being one of the devastating effects of this “experiment”. We live in a time period of Madness, absolute Diabolical Madness.